Correction hit the 38.2%
Possible nested wave one of a fifth of intermediate degree
I believe to be upside from now on, volume is relatively low but it should pick up leading to earnings day.
My target remains the same but time frame changed, I expect it to continue to go up after earnings, unless the price raises drastically which is very unlikely.
Wave (4) correction complete: Five waves ABCDE ( I labeled WXYXZ)
Correction ended on a Zigzag with ((c)) truncated fifth wave
After that we see an impulsive wave one, labeled as i
Wave iii broke past the resistance of the triangle and reached the 1.618 of wave i, this is clear confirmation of change of the trend, we now begin Wave (5)
Sorry all my previous...
Last two charts posted yesterday wave count was incorrect, it is easier to see the pattern once is complete, which is a Leading Diagonal for Wave 1.
Up in five, target is now at least 41293 for Wave 3 (1.618 of Wave 1)
This is the Wave (4) corrective pattern, a combination of two Expanded Flats, Double Three WXY
From here I'm pretty confident it is goin up, but could be up in three waves for an X then side movement for another Flat Z
OR up in five waves for wave 1 of (5)
I believe this to be the end of correction so second scenario is most likely.
We are looking a possible corrective Wave (4)
Support level at around $34k
Possible sideways consolidation for more upside towards Wave (5) end of ③
Colored levels are Fibonacci Extensions
Price hit a strong channel resistance level